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Press release from Business Wire

Yahoo! and Spotify Announce Global Content Distribution and Promotion Deal

<p class='bwalignc'> <b>Yahoo! To Integrate Spotify's On Demand Music Service Across Global Media Properties</b> </p>

Tuesday, June 26, 2012

Yahoo! and Spotify Announce Global Content Distribution and Promotion Deal17:15 EDT Tuesday, June 26, 2012 SUNNYVALE, Calif. & NEW YORK (Business Wire) -- Yahoo! (Nasdaq: YHOO), the premier digital media company, and Spotify today announced a global content distribution and promotion agreement that will enable Yahoo! to integrate and promote Spotify's on demand music service on Yahoo!'s Media Network, which reaches nearly 700 million unique users monthly – over 47 percent of the total worldwide Internet audience (comScore World Metrix, May 2012). Spotify will initially roll out to Yahoo! Music and later will be contextually integrated globally across the rest of Yahoo!, including its leading entertainment sites, like Yahoo! Movies and omg!. In turn, Yahoo! will create an app for Spotify's platform featuring Yahoo! original entertainment content, which will reach Spotify's more than 10 million active users. “At Spotify we want to light up the Web with music and as Yahoo!'s global music partner we're able to reach their massive audience,” said Daniel Ek, CEO & Founder, Spotify. “We are really excited about the new Yahoo! leadership team and thrilled to partner with them to build great experiences around high quality content.” “Delivering compelling premium experiences across screens is core to our mission at Yahoo!. Spotify is the leader in the digital music field and together we can provide the ‘soundtrack' for users around the world,” said Ross Levinsohn, Interim CEO, Yahoo!. “What Daniel and his team are doing is changing an industry, and we're thrilled to be partnering with them.” This relationship is designed to drive deeper user engagement for both companies. For Yahoo!, the Spotify integration on Yahoo! entertainment sites will feature Spotify's innovative play button, enabling Yahoo! users to enjoy music while remaining on Yahoo!. Likewise, the Yahoo! app, due out later this year, will further engage Spotify's more than 10 million active users with premium original content from artist profiles to musical programs. About Yahoo!: Yahoo! (NASDAQ:YHOO) is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!'s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.com). Yahoo! is home to the No. 1 sites for finance, sports, news, entertainment news, and more. Yahoo! is the trademarks and/or registered trademark of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owner. About Spotify Spotify <http://www.spotify.com> is an award-winning digital music service that gives you on-demand access to over 16 million* songs. Our dream is to make all the world's music available instantly to everyone, wherever and whenever they want it. Spotify makes it easier than ever to discover, manage and share music with your friends, while making sure that artists get a fair deal. Spotify is available in 15 countries including USA, UK, Sweden, Finland, Norway, Denmark, France, Switzerland, Germany, Austria, Belgium, The Netherlands, Spain, Australia and New Zealand, with more than 10 million active users and over 3 million paying subscribers. <http://www.spotify.com/> * Catalog size varies between countries. Yahoo! CommunicationsLisa Goodwin, 408-349-1075lgoodwin@yahoo-inc.comorSpotifyGraham James, 917-319-7936graham@spotify.com